Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2024

Acquisitions and Dispositions

Schedule of components of discontinued operations

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2024		2023		2024		2023
Net sales	$	—	$	499	$	261	$	1,007
Cost of sales (excluding depreciation and amortization)		—		(410)		(214)		(823)
Depreciation and amortization		—		(20)		(9)		(39)
Selling, general and administrative		—		(15)		(11)		(31)
Interest expense		—		1		—		1
Gain on disposition		—		—		4,695		—
Tax (provision) benefit		—		(7)		(1,115)		(15)
Discontinued operations, net of tax	$	—	$	48	$	3,607	$	100

	December 31,
($ in millions)	2023
Assets
Current assets
Receivables, net	$	277
Other current assets		56
Total current assets		333
Noncurrent assets
Property, plant and equipment, net		665
Other assets		188
Total assets of discontinued operations	$	1,186
Liabilities
Current liabilities
Accounts payable	$	92
Accrued employee costs		88
Deferred revenue		221
Other current liabilities		34
Total current liabilities		435
Noncurrent liabilities
Employee benefit obligations		163
Other liabilities		74
Total liabilities of discontinued operations	$	672

	Six Months Ended June 30,
($ in millions)	2024		2023
Provided by (used in)
Depreciation and amortization	$	9	$	39
Gain on Aerospace disposal		(4,695)		—
Capital expenditures		(13)		(49)

	Six Months Ended June 30,
($ in millions)	2024		2023
Supplemental cash flow information:
PP&E acquired but not yet paid	$	17	$	21